How to: Set Up Assessee Codes
You must set up assessee codes as one of the prerequisites to calculate Tax Collected at Source (TCS) or Tax Deducted at Source (TDS). An assessee is a person by whom any tax or any other sum of money is payable under Income Tax Act. For more information, see How to: Set Up Tax Collected at Source or How to: Set Up Tax Deducted at Source.
The following procedure describes how to set up assessee codes for TCS, but the same steps also apply to setting up assessee codes for TDS.
To set up assessee codes for tax collected at source
In the Search box, enter Assessee Codes, and then choose the related link.
On the Home tab, choose New.
Fill in the fields as described in the following table.
Field Description Code
The unique code for the TCS assessee. You can enter a maximum of 10 alphanumeric characters.
Description
The description for the TCS assessee code. You can enter a maximum of 50 alphanumeric characters.
Type
Specify the type of TCS assessee.
You must enter the relevant code in the Code field and the corresponding type in the Type field. For example, when you are setting up the assessee code for a company the code will be COM and the type will be Company, and when it is for an individual the code will be IND and the type will be Others.
Choose the OK button.
See Also
Tasks
How to: Set Up Tax Collected at Source
How to: Set Up Tax Deducted at Source